July

The vote to leave Europe will inevitably be seen as a turning point for Britain. Now, the Builders Merchant Building Index, which is produced under the aegis of the BMF (Builders’ Merchant Federation) and accounts for 80% of the merchant industry’s sales, has asked six of its panel of industry leading Experts for their views on the short and longer term implications of Britain’s Brexit in their own markets.

The vote to leave Europe will inevitably be seen as a turning point for Britain. Now, the Builders Merchant Building Index, which is produced under the aegis of the BMF (Builders’ Merchant Federation) and accounts for 80% of the merchant industry’s sales, has asked six of its panel of industry leading Experts for their views on the short and longer term implications of Britain’s Brexit in their own markets.

The ONS recently released construction output figures for May. Therefore, the data refers to the period before the EU referendum. According to the latest release, output in the construction industry declined 2.1% compared to April. This compares with an increase of 2.8% reported in the previous month. Monthly data, however, tends to be volatile, which makes it difficult to determine if it is indicating an underlying trend in the industry.